Loveladies Real Estate Market Sales in the Second Quarter of 2014

Long Beach Island Real Estate and Loveladies Sales Statistics in the Second Quarter of 2014

Loveladies Real Estate Market Sales in the Second Quarter of 2014

Loveladies NJ Real Estate Sales

The second quarter of 2014 showed some of the best market activity since 2013! More homes sold than any prior quarter since Hurricane Sandy and the average sales price was stable. Looking back to the second quarter of 2013, buyers were still nervous about the impact of Hurricane Sandy and the possibility of flood insurance rate increases. With a better understanding of flood insurance protocols and new building codes being enforced, buyer confidence is much higher as evident in the number of closed transactions. Loveladies Real Estate Market Sales in the Second Quarter of 2014 data is below.

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Nine of the twelve closed transactions in Loveladies traded over $1,000,00. The least expensive sale was 240 Oceania Drive and was a 3 bedroom/1.5 (2) bathroom home selling for $800,000. By contrast, the most expensive home to sell was 5 Coast Ave, a 5 bedroom/4.5 bathroom home selling for an impressive $2,700,000. In total, over $19,500,000 worth of single family homes sold in Loveladies during the second quarter of 2014. These sales figures are substantially higher than the second quarter of 2013 where only five single family homes sold and the average sales price was under $1,000,000. The confidence exhibited in the Loveladies real estate market is seen elsewhere on Long Beach Island with improved listing and sales prices coupled with a higher overall volume of LBI real estate transactions.